Neidiger,Tucker,Bruner, Inc. Ups the Price Target on ACTV, Inc. (IATV) to $15 as the Company Defines New Internet Space
DENVER, Feb. 26 /PRNewswire/ -- The following is being issued by Neidiger,Tucker,Bruner, Inc., a member of the National Association of Securities Dealers, CRD Number 7425:
Michael Shonstrom, Director of Institutional Research at NTB, has raised his price target on ACTV (Nasdaq: IATV - news) to $15 per share due to rising industry interest in the company's Hyper-TV technology.
With AT&T's acquisition of TCI's cable properties and the impending introduction of the General Instrument DTC-5000 set top box, the technological and financial wherewithal to harness calde's bandwidth and bring about the convergence of video and the Internet is at hand.
The only company currently offering a converged product that harnesses the power of both media is ACTV, through its eSchool Online software. This product embeds URLs in streamed video, allowing teachers to produce live or prerecorded video enriched with Internet content. Video is already a part of standard curriculum, therefore it provides an easy vehicle for incorporating the World Wide Web in a classroom setting.
Co-developed with Earthweb (EWBX-36 1/2), whose interest was subsequently bought out by ACTV, this patented technology, named Hyper-TV, is the basis for a division which plans to license the technology to new multimedia companies like Oxygen Media (subject of a February 22nd Forbes magazine cover story).
The company's principal business of developing premium regional sports networks in conjunction with Fox Sports, using the company's patented individualized programming technology, will launch by this summer. Additionally, pay-per-view sports events, produced by a joint venture with Liberty Media, will begin a series of national marquee sports event broadcasts in the same time frame. The revenue potential of the company's business strategies and the importance of the company's patent portfolio are factors which have led NTB to believe the company's market valuation could reach the $500 million level by year end.
The END?????
I don't think so......
chris |
